FHL finally admit no funder for BP deal

FHL Managing Director, Sereana Qoro, in a statement today, admitted there is still no funder for their $190 million wish to buy BP SWPacific.
She’s finally owned up to what the public already knows – that FHL doesn’t have a formal loan approval letter from any financier, despite their many fanciful announcements regarding the already doomed deal.
Shrewd business people know that in this volatile world,success comes when you are able to fix all the variable constraints and unknown key factors of a deal to a known quantifiable value over a strict time-line.
But not so with the way Sereana Qoro and her incapable FHL board are handling this BP deal.
They have shown time and again that they are not in control of their desire to buy BP.
They are negotiating haphazardly compromising their position each time they open their lying mouth.
The FHL board have demonstrated all the “DO NOTs” in Negotiation Skills 101.
And the longer they drag out their BP acquistion lie, the more costly it’ll be for the shareholders of FHL.
Oh, we are glad that CMDA and SPSE are demanding disclosures from FHL.
Better do what you have to do CMDA and SPSE or you will both be dragged down by FHL’s crap.